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NYSE:OFG

OFG Bancorp (OFG) Stock Forecast, Price & News

$24.20
-0.64 (-2.58%)
(As of 02:09 PM ET)
Compare
Today's Range
$23.96
$24.96
50-Day Range
$23.00
$25.83
52-Week Range
$22.34
$30.52
Volume
53,294 shs
Average Volume
272,963 shs
Market Capitalization
$1.15 billion
P/E Ratio
6.65
Dividend Yield
3.64%
Price Target
$32.50

OFG Bancorp MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
35.0% Upside
$32.50 Price Target
Short Interest
Healthy
1.39% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$2.12 M Sold Last Quarter
Proj. Earnings Growth
-3.21%
From $3.43 to $3.32 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.92 out of 5 stars

Finance Sector

176th out of 901 stocks

State Commercial Banks Industry

58th out of 192 stocks


OFG stock logo

About OFG Bancorp (NYSE:OFG) Stock

OFG Bancorp is a holding company, which engages in the provision of banking and financial services. It operates through the following segments: Banking, Wealth Management, and Treasury. The Banking segment includes its branches and traditional banking products such as deposits and commercial, consumer, and mortgage loans. The Wealth Management segment is involved in financial planning, money management and investment banking, brokerage services, insurance sales activity, corporate and individual trust and retirement services, and retirement plan administration services. The Treasury segment encompasses all its asset and liability management activities, such as purchases and sales of investment securities, interest rate risk management, derivatives, and borrowings. The company was founded in 1964 and is headquartered in San Juan, Puerto Rico.

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OFG Stock News Headlines

OFG Bancorp (NYSE:OFG) Trading 2.6% Higher
The Ignored EV Story Few Investors Know About
Lithium may grab all the headlines, but the average electric vehicle requires 146 pounds of the mineral graphite. With no producing graphite mines in North America, the U.S. government is desperate for more domestic sources of the metal to feed the EV battery supply chain.
OFG Bancorp: Q1 Earnings Insights
Earnings Scheduled For April 20, 2023
Recap: OFG Bancorp Q1 Earnings
146 Pounds of Graphite Needed for Each EV
Graphite - not lithium - is the largest component of lithium-ion batteries used in electric vehicles. That's why 97 more graphite mines will be needed by 2035 just to keep up with battery demand for the $7 trillion EV market.
OFG Bancorp Reports 1Q23 Results
Relative Strength Alert For OFG Bancorp
OFG Bancorp (NYSE:OFG) Downgraded by StockNews.com
OFG Bancorp (NYSE:OFG) Increases Dividend to $0.22 Per Share
OFG Bancorp (NYSE:OFG) Q4 2022 Earnings Call Transcript
OFG Bancorp (OFG) Q4 2022 Earnings Call Transcript
OFG Bancorp Reports 4Q22 & 2022 Results
See More Headlines
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OFG Company Calendar

Last Earnings
10/19/2021
Ex-Dividend for 4/17 Dividend
3/30/2023
Dividend Payable
4/17/2023
Today
5/31/2023
Ex-Dividend for 7/17 Dividend
6/29/2023
Dividend Payable
7/17/2023
Next Earnings (Estimated)
7/20/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
State commercial banks
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
67103X10
Employees
2,253
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$32.50
High Stock Price Forecast
$33.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+35.4%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$166.24 million
Pretax Margin
37.82%

Debt

Sales & Book Value

Annual Sales
$594.19 million
Cash Flow
$3.80 per share
Book Value
$22.92 per share

Miscellaneous

Free Float
46,050,000
Market Cap
$1.14 billion
Optionable
Optionable
Beta
1.04

Key Executives

  • José Rafael Fernández Martinez
    Vice Chairman, President & Chief Executive Officer
  • Maritza Arizmendi Diaz
    Chief Financial Officer & Executive Vice President
  • José E. Cabrera Lázaro
    Chief Risk & Compliance Officer
  • Ramón A. Rosado-Linera
    Senior Vice President & Director-US Loan Program
  • Ganesh Kumar
    Chief Strategy Officer













OFG Stock - Frequently Asked Questions

Should I buy or sell OFG Bancorp stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for OFG Bancorp in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" OFG shares.
View OFG analyst ratings
or view top-rated stocks.

What is OFG Bancorp's stock price forecast for 2023?

1 brokers have issued twelve-month price targets for OFG Bancorp's stock. Their OFG share price forecasts range from $32.00 to $33.00. On average, they expect the company's share price to reach $32.50 in the next year. This suggests a possible upside of 35.4% from the stock's current price.
View analysts price targets for OFG
or view top-rated stocks among Wall Street analysts.

How have OFG shares performed in 2023?

OFG Bancorp's stock was trading at $27.56 at the start of the year. Since then, OFG stock has decreased by 12.9% and is now trading at $24.00.
View the best growth stocks for 2023 here
.

When is OFG Bancorp's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 20th 2023.
View our OFG earnings forecast
.

How were OFG Bancorp's earnings last quarter?

OFG Bancorp (NYSE:OFG) released its quarterly earnings data on Tuesday, October, 19th. The bank reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.13. The bank had revenue of $134.72 million for the quarter, compared to analyst estimates of $131.90 million. OFG Bancorp had a net margin of 25.93% and a trailing twelve-month return on equity of 16.90%. During the same quarter last year, the company earned $0.50 EPS.

How often does OFG Bancorp pay dividends? What is the dividend yield for OFG Bancorp?

OFG Bancorp announced a quarterly dividend on Wednesday, April 26th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.22 per share on Monday, July 17th. This represents a $0.88 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Thursday, June 29th.
Read our dividend analysis for OFG
.

Is OFG Bancorp a good dividend stock?

OFG Bancorp (NYSE:OFG) pays an annual dividend of $0.88 per share and currently has a dividend yield of 3.53%. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 24.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, OFG will have a dividend payout ratio of 26.51% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for OFG.

What is José Rafael Fernández's approval rating as OFG Bancorp's CEO?

15 employees have rated OFG Bancorp Chief Executive Officer José Rafael Fernández on Glassdoor.com. José Rafael Fernández has an approval rating of 89% among the company's employees.

What other stocks do shareholders of OFG Bancorp own?

Based on aggregate information from My MarketBeat watchlists, some companies that other OFG Bancorp investors own include Intelsat (I), Callon Petroleum (CPE), Cleveland-Cliffs (CLF), Range Resources (RRC), Fossil Group (FOSL), Bank of America (BAC), AMC Entertainment (AMC), First Data (FDC), Associated British Foods (ABF) and Coeur Mining (CDE).

What is OFG Bancorp's stock symbol?

OFG Bancorp trades on the New York Stock Exchange (NYSE) under the ticker symbol "OFG."

Who are OFG Bancorp's major shareholders?

OFG Bancorp's stock is owned by many different retail and institutional investors. Top institutional investors include BlackRock Inc. (14.82%), Dimensional Fund Advisors LP (7.97%), Barrow Hanley Mewhinney & Strauss LLC (4.86%), LSV Asset Management (4.38%), State Street Corp (4.20%) and JPMorgan Chase & Co. (3.03%). Insiders that own company stock include Cesar A Ortiz, Edwin Perez, Ganesh Kumar, Jorge Colon, Jose Rafael Fernandez, Julian Inclan, Maritza Arizmendi and Pedro Morazzani.
View institutional ownership trends
.

How do I buy shares of OFG Bancorp?

Shares of OFG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is OFG Bancorp's stock price today?

One share of OFG stock can currently be purchased for approximately $24.00.

How much money does OFG Bancorp make?

OFG Bancorp (NYSE:OFG) has a market capitalization of $1.14 billion and generates $594.19 million in revenue each year. The bank earns $166.24 million in net income (profit) each year or $3.64 on an earnings per share basis.

How many employees does OFG Bancorp have?

The company employs 2,253 workers across the globe.

How can I contact OFG Bancorp?

OFG Bancorp's mailing address is 254 MUNOZ RIVERA AVENUE, SAN JUAN PR, 00918. The official website for the company is www.orientalbank.com. The bank can be reached via phone at (787) 771-6800, via email at gfishman@ofgbancorp.com, or via fax at 787-771-6770.

This page (NYSE:OFG) was last updated on 5/31/2023 by MarketBeat.com Staff

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